Freshpet, Inc. (NASDAQ:FRPT) Receives $145.87 Consensus Price Target from Analysts

Freshpet, Inc. (NASDAQ:FRPT) has earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $156.13.

Several equities research analysts have issued reports on FRPT shares. JPMorgan Chase & Co. boosted their price objective on shares of Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a research note on Tuesday. Benchmark reaffirmed a “buy” rating and set a $150.00 price target on shares of Freshpet in a research report on Friday, November 1st. TD Cowen raised their price objective on Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday. DA Davidson upped their target price on Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Freshpet from $161.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday.

Freshpet Stock Performance

NASDAQ FRPT opened at $153.22 on Tuesday. The business’s 50-day moving average price is $138.96 and its 200 day moving average price is $129.97. The company has a current ratio of 4.50, a quick ratio of 3.69 and a debt-to-equity ratio of 0.42. Freshpet has a twelve month low of $65.81 and a twelve month high of $157.10. The company has a market capitalization of $7.43 billion, a PE ratio of 172.16 and a beta of 1.39.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.10. The company had revenue of $253.40 million during the quarter, compared to analysts’ expectations of $248.36 million. Freshpet had a net margin of 4.75% and a return on equity of 3.72%. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.15) EPS. On average, research analysts predict that Freshpet will post 0.73 earnings per share for the current year.

Insider Buying and Selling at Freshpet

In other Freshpet news, EVP Stephen Macchiaverna sold 2,178 shares of Freshpet stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.01, for a total value of $304,941.78. Following the transaction, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at $12,046,320.39. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Freshpet by 41.1% during the second quarter. GAMMA Investing LLC now owns 371 shares of the company’s stock valued at $48,000 after acquiring an additional 108 shares during the period. GLOBALT Investments LLC GA increased its position in shares of Freshpet by 3.2% during the third quarter. GLOBALT Investments LLC GA now owns 3,580 shares of the company’s stock valued at $490,000 after purchasing an additional 111 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Freshpet by 13.9% in the second quarter. Parkside Financial Bank & Trust now owns 1,305 shares of the company’s stock valued at $169,000 after purchasing an additional 159 shares in the last quarter. Amalgamated Bank lifted its position in Freshpet by 6.7% in the second quarter. Amalgamated Bank now owns 2,740 shares of the company’s stock worth $355,000 after purchasing an additional 171 shares during the period. Finally, KBC Group NV boosted its stake in Freshpet by 0.8% during the third quarter. KBC Group NV now owns 24,869 shares of the company’s stock worth $3,401,000 after buying an additional 186 shares in the last quarter.

About Freshpet

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.